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Attorney Michael AndersonTue, 11 Apr 2017 14:56:01 +0000en-UShourly1https://wordpress.org/?v=4.7.9Is an Estate Plan Right for me? Utah Attorney explains…http://slcestateplanning.com/utah-estate-planning-law/is-an-estate-plan-right-for-me-utah-attorney-explains/
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So I have received a question about estate planning – the question is: I don’t have a lot of assets and I’m not sure that I need an estate plan – do I really need to do estate planning?

The short answer is yes – you do need to do estate planning even if you don’t think that you do.

The longer answer is – of course – let me explain.

If you don’t do any estate planning, then we have to file a probate case for you in court. Probate means to prove and what we have to prove is that whomever is petitioning the court to be the personal representative of your estate is qualified to do so. That person they will get permission to sign their name as if they were you.

That person, once appointed, can then administer your estate. If someone doesn’t agree with what you are doing, that person can sue you – then you’re looking at additional court costs and attorneys fees. You probably have heard that the only ones who win in a lawsuit are the lawyers and there is some truth to that.

I’ve had clients where we have won their case after a long trial and my clients were still upset because they had to go through the who mess. Trust me – you don’t want to spend years in court – you want to move on with your life. You can’t move on if you’re being sued about an estate.

But if you do your estate planning and you get it done, then you never have to worry because the written documents will prevail and your personal representative will be the person you want appointed, not just whomever the state chooses – and the chance of lawsuits decreases because you’ve done your planning and it says exactly what will happen.

I hope this video has helped you. If you enjoyed the information in here, please like this video and subscribe to my channel.

Remember, if you live in West Jordan, Holladay, South Jordan, Taylorsville, Pepperwood, Cottonwood Heights, Salt Lake City, Sandy, Midvale, Riverton, Draper, Sandy City, Magna, North Salt Lake, Bountiful, Woods Cross, or Herriman Utah we are here to assist you with your estate planning.
We will do your will, your trust, health care directive, power of attorney, and even probate the case if necessary.
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For those who live or own property in West Jordan, Holladay, South Jordan, Taylorsville, Pepperwood, Cottonwood Heights, Salt Lake City, Sandy, Midvale, Riverton, Draper, Sandy City, Magna, North Salt Lake, Bountiful, Woods Cross, or Herriman Utah.

Helping Families Preserve Their Wealth During and After
Their Lifetime

Thank you for visiting and watching this video about estate
planning Salt Lake City, Utah, brought to you by Mike Anderson of the Ascent law
firm in Salt Lake City, UT. We are estate planning attorneys based in Salt Lake
City, UT whose mission is to provide residents of Salt Lake City, and
surrounding areas with quality estate planning information and knowledge. Our unique
Services also include Wills, Trusts, fighting in court to protect inheritance;
Estate Tax Planning, estate tax filings, Probate, probate mediations, Trust
Administration, Asset Protection, Business Succession Planning, LLCs, corporations,
contested wills cases, power of attorney lawsuits, guardianships and
conservatorship lawsuits. When you visit or call our office, we want you to
feel comfortable discussing such an important issue concerning both you and
your family. We want to arm you with the information you need to make an
informed decision about your family’s future.

Estate Planning: Wills and Living Trusts

Through the use of Living Trusts, Wills (simple &
complex), Powers of Attorney, Living Wills, Irrevocable Trusts, Family Limited
Partnerships, and Charitable Gifting Strategies, our firm helps families
preserve their wealth for future generations, minimize estate taxes, and avoid
the expense and nightmare of probate.

Legacy Planning

Legacy Planning is a more holistic approach to estate
planning. We help clients preserve their financial wealth and their legacy,
including their life stories and family heirlooms, for future generations. Our
non-traditional planning methods include special provisions and protections in
Living Trusts, Wills (simple & complex), Powers of Attorney, Living Wills,
Irrevocable Trusts, Family Limited Partnerships, and Charitable Gifting
Strategies. This planning also includes minimizing estate taxes, avoiding the
expense and nightmare of probate, protecting against remarriage after death of
the 1st spouse, and protecting beneficiaries from a possible future divorce.

Family-Owned Businesses & Farms

Our law firm offers estate planning assistance for the
unique needs of Family Businesses and Farms. We help clients preserve this
important part of their legacy for future generations.

Incapacity Planning

Our law firm helps clients create a plan to handle their
affairs in the event of an incapacity before they pass away. This includes
planning to avoid a Living Probate or Guardianship proceeding.

IRA & Retirement Planning

Our law firm has experience in the complex area of estate
planning with IRAs and other retirement plans. We help ensure clients and their
beneficiaries are protected by employing tax reduction techniques.

Asset Protection & Business Planning

We help clients who are small business owners and those who
are most susceptible to being sued by assisting with Lawsuit and Asset
Protection. We also assist with Business Succession Planning and Small Business
Planning. Some of the tools and strategies used are Family Limited
Partnerships, Limited Liability Companies and Buy-Sell Agreements.

Estate Planning and Your Pets

Our firm cares about the welfare of your pets. Your beloved
pets need to be protected in the event you are no longer there to take care of
them. Estate Planning and implementing a Pet’s Trust can ensure that your pets
are provided for after your death.

Special Needs Planning

We offer assistance to clients who have special needs family
members by creating Special Needs Estate Plans which include special needs
trusts. These tailored plans help them preserve government benefits while having
their loved one cared for in all areas of their life: financial, educational
and medical, and most importantly, their emotional and personal needs in the
future.

Trust Administration & Probate

We help families who have experienced the loss of a loved
one with the ensuing Probate or Trust Administration process. We fight court battles involving
guardianships, conservatorships, probate litigation, contested wills cases and
other estate lawsuits.

Give our office a call 801-676-5507. If I am unavailable, please schedule a
telephone appointment or an in person meeting.
Our office has free initial consultations.

One of our offices is at: 8833 South Redwood Road, West
Jordan, Utah 84088

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